David Haggith
Market Commentator & Financial Writer
David Haggith publishes The Daily Doom and writes satire. The Daily Doom contains economic, social, and political news about our troubled times--a non partisan weekday collection of the most consequential stories about our complex times with insightful editorials and weekly economic analysis. As an equal-opportunity critic of America's sharply divided, two-ring political circus, David divides his satire into sister publications so you can pick the one you find agreeable and ignore her sassy sister.
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David Haggith Articles
China is now proving one of my statements from back in the days of Trump Tariffs 1.0 when I wrote that the formula for beating China in a tariff war was not to wage war on the whole world at once. The winning approach would be to take on...
What do these important numbers mean to you: 113, 90, 79? No it’s not the code for hiking the football in another losing Kansas City Chiefs Super-Bowl game. It’s not the code for the padlock that should be used to lock Kash Patel out of...
We have three big factors in the economy showing breakaway trouble in the news today. One is a possible subprime crisis in auto loans where one of the nation’s largest financial institutions specializing in sub-prime loans for cars to...
The first news on inflation this week sounded good for America, terrible for my predictions. I should be glad to be so wrong, I guess. The news sent the stock market soaring again as it became known that the scorching-hot producer price...
A lot more news streamed in since my Deeper Dive on the labor market, affirming the major recessionary downturn I reported in my analysis. However, since I covered that extensively in the Deeper Dive, I’ll let the headlines below speak for...
For six months straight, manufacturing has been receding, according to the Institute for Supply Management. What I find most revealing in today’s ISM report about this period of manufacturing recession are the comments that tell a tale on...
The theme of the Personal Consumption Expenditures price index (PCE), which measures inflation and which came out on Friday, was that the smallest part of the economy that is directly impacted by tariffs held relatively close to flat while...
Fed Chair Jerome Powell sent stocks skyrocketing back up to the moon today by saying the economy was doing poorly, so he might have to cut interest rates. There is nothing the modern stock market loves so much as a crash into cash.
Wow! I know I said I was going to hold off on covering the full scope of inflation news until my weekend Deeper Dive, but, WHEW! what a burner! As it turns out, I can’t pass by today’s biggest economic news without commenting. I just can’t...
Stocks today soared (Dow up 500) because Trump landed some “massive” tariff deals. The reason they soared, however, appeared to be because the deals were not nearly as massive as Trump had said he was seeking. Still, the idea of flying...
